Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC says that lower interest rates will boost the country's housing and construction sectors, while a lower AUD will boost tourism and manufacturing.

Tony Farnham, Economist & Analyst, Patersons Securities says that after walking away with a 'limp' from the June meeting, Merkel's has not managed to win support from Italy, Spain and France on several issues.